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U.S. SETS AUCTIONS FOR STAKES IN NINE FINANCIAL INSTITUTIONS

(The following is a reformatted version of a press release
issued by The U.S. Department of the Treasury and received via
e-mail. The release was confirmed by the sender.) 
February 25, 2013 
TREASURY DEPARTMENT ANNOUNCES AUCTIONS FOR PREFERRED STOCK AND
SUBORDINATED DEBT POSITIONS OF NINE FINANCIAL INSTITUTIONS 
WASHINGTON -- The U.S. Department of the Treasury announced
today that it is commencing auctions for all of its Troubled
Asset Relief Program’s Capital Purchase Program preferred stock
and subordinated debt positions (the “CPP Securities”) in the
following nine institutions: 
Boscobel Bancorp, Inc. (Boscobel, WI);
Coastal Banking Company, Inc. (Beaufort, SC);
CoastalSouth Bancshares, Inc. (Hilton Head Island, SC);
First Reliance Bancshares, Inc. (Florence, SC);
Northwest Bancorporation, Inc. (Spokane, WA);
Old Second Bancorp, Inc. (Aurora, IL);
Santa Clara Valley Bank, N.A. (Santa Paula, CA);
SouthCrest Financial Group, Inc. (Peachtree City, GA); and
The Queensborough Company (Louisville, GA). 
The offerings are expected to price through a modified Dutch
auction.  The auctions will commence at 9:00 a.m., New York City
time, on February 25, 2013, and will close at 6:00 p.m., New
York City time, on February 28, 2013 (the “submission
deadline”).  During the auction period, potential bidders for
the CPP Securities will be able to place bids on the offered CPP
Securities (in increments of whole shares or per $1,000
aggregate principal amount, as applicable) at any price per
share or per $1,000 aggregate principal amount, as applicable,
and in increments of $0.01 at or above the minimum prices set
forth in the applicable bidder letter agreement provided to the
potential bidders.  Investors may bid on individual or multiple
CPP Securities. 
The auction procedures are described in full in the applicable
bidder letter agreement.  The CPP Securities that will be sold
in the auction have not been and will not be registered under
the Securities Act of 1933, as amended (the “Act”), and may not
be offered or sold in the United States or to, or for the
benefit of, U.S. persons absent registration under, or an
applicable exemption from, the registration requirements of the
Act and applicable state securities law.  The CPP Securities
will be offered only to (1) domestic “qualified institutional
buyers” as defined in Rule 144A under the Act, (2) certain
domestic institutional “accredited investors” as defined in Rule
501(a) under the Act that have total assets of not less than
$25,000,000 and (3) in certain cases, certain directors and
executive officers of the respective issuers of the CPP
Securities.  This press release does not constitute an offer to
sell or the solicitation of an offer to buy the CPP Securities,
and shall not constitute an offer, solicitation or sale in any
jurisdiction in which, or to any persons to whom, such offering,
solicitation or sale would be unlawful. 
CONTACT: Treasury Public Affairs (202) 622-2960 
(sgp) NY 
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